The Department of Commerce has preliminarily found that certain oil country tubular goods (OCTG) from South Korea are being sold in the U.S. at prices below their normal value, covering the period from September 1, 2018, to August 31, 2019. They identified Hyundai Steel and SeAH Steel Corporation as key companies involved and calculated a preliminary average dumping margin of 1.07% for businesses not individually examined. Interested parties can comment on these findings, and the final results will be published after a review period. The public can access details and submit feedback through specified channels, and there are opportunities to request hearings and submit case briefs.
Simple Explanation
The Department of Commerce found that some special pipes from South Korea were sold in the U.S. at super low prices, and they're checking these pipes from two big companies to see if that's fair. People can share their thoughts before a final decision is made.